Heitman
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Responsibilities include, but are not limited to:
- Plan and organize asset objectives and resources to meet asset needs and financial goals.
Evaluate pAssist in managing a diverse real estate portfolio focused on Student Housing and Self-Storage. - Implement asset management strategies, including income and expense forecasting, leasing plans, capital budgets, value creation activities, and risk-return analyses for assetserformance against budgets, business plans and internal and external benchmarks.
- Anticipate issues that could impact the success of the assets.
- Establish leasing strategies and closely monitor property management teams and/or joint venture partners.
- Prepare annual budgets, business plans, valuations, appraisals, and leasing plans for assets.
- Prepare financial analyses and modeling to support asset management decision-making.
- Utilize data analytics regularly to inform asset-level strategy and drive performance.
- Assess the current and projected performance of properties.
- Partner with and oversee third parties responsible for day-to-day operations of the assets.
- Gain expertise in assigned markets through site visits, industry analysis, and networking; collaborate with internal and external teams to adjust property strategy for market shifts.
- Participate in regular property inspections to identify challenges, assess business plans, evaluate third-party operational performance, identify improvement opportunities, and communicate findings.
- Support the acquisitions team in new investment underwriting by providing market and leasing assumptions and participating in due diligence activities, as necessary.
Qualifications:
- Minimum 5 years of real estate asset management experience. Years of experience for this level can vary.
- Experience in Student Housing or Self-Storage is preferred. Experience in other property types is required.
- Ability to analyze and interpret market trends, third-party reports, and competitor surveys.
- Knowledge and experience with budgets and overall financial reporting, with the ability to analyze large amounts of data and identify improvement opportunities.
- Experience in defining, developing, and executing asset management strategies by overseeing and managing third-party property management teams.
- Possess knowledge of real estate investment management trends.
- Strong interpersonal skills with the ability to collaborate with others.
- Skilled in communicating complex issues clearly and professionally, both verbally and in writing.
- Experience in the investment due diligence process with the ability to provide local market leasing assumptions and competitive insights.
- Understanding of various real estate valuation processes and techniques.
- Strong financial modeling skills (ARGUS, Microsoft Excel) and proven ability to translate quantitative data into a narrative; experience with Power BI is a plus.
Job Location and Travel
- This position is based in our Chicago office.
- Our teams work in a hybrid environment and in-office days vary by team.
- Moderate to extensive travel required.
Source: Heitman Career Page
